Turkey's services, retail sectoral confidence rises in November

ANADOLU AGENCY
ANKARA
Published 26.11.2018 12:11
Updated 26.11.2018 17:52
Shoppers search for Black Friday deals at a MediaMarkt store in Istanbul on Nov. 23, 2018. (AA Photo)
Shoppers search for Black Friday deals at a MediaMarkt store in Istanbul on Nov. 23, 2018. (AA Photo)

Sectoral confidence in Turkey rose for services and retail trade, and fell for construction in November compared with last month, the country's statistical authority announced Monday.

"Seasonally adjusted confidence index, which was 75.7 for services in October, increased by 5.4 percent in November to 79.8," the Turkish Statistical Institute (TurkStat) said.

The institute reported that the retail trade confidence index stood at 90.7 in November, up 4.3 percent from 87 in October.

"Seasonally adjusted construction confidence index which was 58.7 in previous month decreased by 3.5 percent in November to 56.6," it added.

Sectoral confidence indices calculated from the monthly survey results are evaluated within the range of 0-200, according to the statistics office.

These indices indicate an optimistic outlook when the value is above 100, a pessimistic outlook when it is below 100.

The institute will release the next sectoral confidence figures on Dec. 26.

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